243 Beach Street Frankston VIC 3199

Nichols Crowder are delighted to offer 243 Beach Street to the market for private sale.

It is rare to have the opportunity to purchase a commercial freehold in this stand out 'top' of Beach Street group. The shops here are coveted and tightly held by the owners, plus vacant shops are a rarity in this location.

Eastside Laundrette has occupied 243 Beach Street for 17 years. They are fabulous reliable tenants. The current lease term is until 30th June 2025 with no further option period.

This is an opportunity to purchase the freehold, hold the property, and enjoy the rental return until mid 2025. After that time, you may choose to occupy it yourself, or to renovate and lease it at market rent. There is heaps of upside with the property.

Key features include:

* Very reasonable sale price expectation
* Tenant on lease until 30th June 2025.
* Rent of $22,680 pa
* Shop area 82sqm*
* Land area 137sqm*
* Freehold title (no owners corporation)
* Commercial 1 Zone
* No GST payable on purchase

For further information and to arrange an inspection, please contact Linda Ellis.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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